Fraud-Vigilance a local Business fraud management solution company, today announced that it has launched Glinde 2.0, a fully integrated Fraud Management Engine.
The new service is in use by business at all levels including multinationals, banks, beer distributor, Safaricom dealers and supermarkets stores. Glinde 2.0 is aimed at helping the business owners to protect their capital investment in business and good employees from fraud.
Edwin Wachiye, Fraud-Vigilance CEO, says, “There are two basic drivers of fraud; the availability of the stock, cash, float, merchandise to be stolen/ misappropriated and the ability of the fraudster to get away with the loot. To put this into perspective fraud is committed by someone who is confident that they will get away scot free or the repercussions are minimal and delayed”
The numerous merchants and corporates already using the product have seen an immediate dip in-house fraud, which is their immediate and greatest risk. On sign up, the employees are promptly taken through a short training on how the product can influence their career positively or negatively.
“Kenyans are by and large very entrepreneurial. The biggest challenge they face is fraud by their own employees (In-house) and fraud by the public/customers against their business” explains Mr. Wachiye. Our Engine gives business people real time localized fraud/market risk alerts, access to a national fraud lent employees data base, a toll free whistle blower line, national fraud statistics and maps.” He further explained.
Using very advanced real-time streaming and analytics to log every incoming fraud alert, register it, localize and broad cast or database it. Once the information is fed into the system, any business person can log into the database submit reports, query the system and view reports.
Taking into consideration various database access challenges, our subscribers can interact with our platform through USSD, SMS,IOS, Android app, web portal among others. The online database Engine also complements the real-time fraud alerts offering for quicker and proactive fraud management. Together, they help organizations improve fraud detection while focusing on delivering a great customer experience.
The Real-Time Fraud Prevention Engine leverages Glinde 2.0 unique technology to deliver aEngine that enables organizations to prevent fraudulent activity in real time, at both in store level and out store levels.